Automotive Hollow Stabilizer Bars Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Automotive Hollow Stabilizer Bars - Market Size

The global market for Automotive Hollow Stabilizer Bars was estimated to be worth US$ 999.1 million in 2023 and is forecast to a readjusted size of US$ 1250 million by 2030 with a CAGR of 3.3% during the forecast period 2024-2030.

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The stabilizer bar, also known as sway bar, minimizes body roll in the vehicle during cornering. The conventional stabilizer bar is used to improve vehicle handling performance of muscle car. There are primarily two types of stabilizer bars: solid stabilizer bar and hollow stabilizer bar. Vehicle manufacturers focus on thickness and diameter of the bar in order to select the perfect stabilizer bar. Hollow stabilizer bar is performing better than solid stabilizer bar due to its light weight, high torsional rigidity, coupled with easy installation. These factors make the hollow stabilizer bar highly preferable by automakers presently. Auto manufacturers are focusing on reducing the overall weight of the vehicle in order to enhance vehicle performance. The hollow stabilizer bar offers additional safety to drivers while driving and minimum body roll, which enhances the tire performance.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

By Type
• Automotive Hollow Stabilizer Bar
• Others

By Application
• Passenger Vehicles
• Commercial Vehicles

Key Companies
ZF Friedrichshafen AG, ISMT Ltd, New Mather Metals, Mubea, Tata, Chuo Spring, Tinsley Bridge, DAEWON, Kongsberg Automotive, Thyssenkrupp, ADDCO Manufacturing Company, SwayTec, AAM, Sogefi, Fawer, Wanxiang, Yangzhou Dongsheng, Huayu

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This release was published on openPR.